Case Study: an international, family-owned fashion company achieves GL reconciliation efficiency with Cygnet TaxTech

An Indian subsidiary of an international fashion company automated their manual process with GL reconciliation

Cygnet TaxTech helped an international, family-owned fashion company in India address the challenge of reconciling its general ledger with vendor returns and invoices. The company was dealing with large data volumes, sample-based audit checks, and a tedious month-end process for validating bulk entries across income, expense, and tax records.

Cygnet TaxTech implemented an automated GL reconciliation solution with real-time data sync between the income, expense, and tax GL and GSTR-1 and GSTR-2A. This reduced man-hour requirements, improved operational efficiency, and updated GL entries with flags showing whether data had been reported in GSTR-1 or was available in GSTR-2A, streamlining reconciliation and month-end operations.